How many franchised Budget outlets were operating at the start of 2023?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change (+/-) |
|---|---|---|---|---|
| Franchised | 2022 | 192 | 190 | -2 |
| 2023 | 190 | 177 | -13 | |
| 2024 | 177 | 174 | -3 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 71–79)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, there were 190 franchised Budget outlets operating at the beginning of 2023. This number reflects the total number of franchised locations open and operating as of January 1, 2023.
It is important to note that this number can fluctuate due to various factors, such as the opening of new franchises, the closing of existing ones, terminations, non-renewals, or re acquisitions by Budget. The FDD provides a detailed table outlining these changes over the past three years, offering prospective franchisees insight into the stability and growth of the franchise system.
Understanding the number of operating franchises at the start of the year, along with the changes that occurred throughout the year, can help potential franchisees assess the overall health and performance of the Budget franchise system. Reviewing the state-by-state breakdown of outlet activity can further inform their decision-making process by highlighting regional trends and market saturation.